Ship traffic in the Strait of Hormuz has increased following an interim deal between Iran and the U.S. aimed at ending a conflict that impacted global oil supplies. However, uncertainties regarding control of the waterway and potential tolls for vessels may complicate negotiations, according to AP.

A Liberian oil tanker, the Stoic Warrior, successfully navigated the Strait of Hormuz on Thursday, despite threats to shipping from Iran's Revolutionary Guard. The tanker utilized a new route near Oman’s shore, which has been endorsed by a U.N. maritime agency. This incident occurs amid escalating tensions between Iran and other nations in the region.

The Strait of Hormuz is identified as the world's most critical oil chokepoint, with about 21 million barrels of crude oil passing through daily, accounting for approximately 21 percent of global petroleum consumption. Its uninterrupted flow is deemed essential for global stability, prompting discussions about designating it as a "special international waterway," according to Vanguard.

Traffic through the Strait of Hormuz has increased following a recent deal between the US and Iran aimed at ending the ongoing conflict. On Saturday, 42 ships transited the waterway, indicating a significant rise in maritime activity in the region since the agreement was reached.

The United Nations has begun evacuating approximately 11,000 sailors who have been stranded in the Strait of Hormuz since the onset of the US-Israel war on Iran on February 28, which led to Tehran effectively closing off this crucial maritime route.

According to Al Jazeera, ships have resumed movement through the Strait of Hormuz, leading to a decrease in oil prices. However, it may take longer for consumers to experience relief from the effects of the crisis.